Sands Harbor Hotel sold for $20.8 Million

By Danielle Charbonneau

On Oct. 12, the New York-based hospitality company Impulsive Group purchased the Sands Harbor Resort and Marina in Pompano Beach for $20.8 million. According to county property records, the market value of the property, located at 125 N. Riverside Dr., was assessed at $8,125,480.

The 60-room, 82,563-square-foot resort hotel was built in 1966. The property, which totals 175,000 square feet, includes three waterfront restaurants and a two-story commercial office space. In addition, a marina at Sands Harbor Resort has dockage for 50 boats, a fuel dock and fishing supplies store.

Impulsive Group’s president and CEO Hank Freid said his plans are to completely remodel the hotel and add the sushi restaurant Sushi by Bou of New York.

In South Florida, Impulsive Group is known for leasing and taking over operations of the skydeck event space at 605 Lincoln Road in Miami. In Manhattan, the company’s portfolio includes The Sanctuary Hotel, The Ameritania Hotel, The Marrakech Hotel, The Broadway Hotel, The Royal Park Hotel, Haven Rooftop, Tender Restaurant, Tender Lounge, Sushi by Bou and the elegant yacht charter company, Impulsive Charters, among others.